Baker Hughes shares fall 6.5% after CEO cites integration costs
Baker Hughes shares fell 6.5% in the afternoon session. CEO Lorenzo Simonelli said integration costs and weaker margins from the Chart Industries acquisition will weigh on near-term financial performance.
5% in afternoon trading after CEO Lorenzo Simonelli said at the Barclays conference that integration costs and weaker margins from the Chart Industries acquisition will pressure near-term financial performance.